SFM appears to be holding this wacky step-up pattern. It's been trading between 22.25 and 25.25 ever since their then-current CEO left on Nov 29th. SFM could possibly make another run up to the top of the range at 25.25.
If earnings are juicy, I expect a breakout followed by an attempt at reclaiming the ~27 level.
Much of Asia exhibits this consolidation pattern. To me, Singapore looks like the most attractive market to hang out in and wait for a trade resolution. Their companies' accounting practices are arguably better than, say, China's; and their valuations seem to be incredibly reasonable, too. Sources report STI to have an ~11.5 to 13 PE. On the other hand, it has...
